4,244
0.87%
4,244
0.87%
12,940
1.25%
12,940
1.25%
33,528
0.57%
33,528
0.57%
1,813
0.29%
1,813
0.29%
23,987
0.12%
23,987
0.12%

Good news, inflation didn't increase in July.

Bad news, inflation has increased 8.5% since last July.

The patient is still bleeding out, just not any faster than we previously thought.
The intellectual dishonesty by politicians and experts regarding inflation has pummeled trust. They seem to have forgotten that there’s this thing called the Internet that is not afraid to call bullshit.
“The ability to change your mind is probably the best life skill you can hope to develop” -Charlie Munger

Looking forward to the day when Charlie changes his mind on Bitcoin.
Coming up on 10 years in prison, it's time to revisit @RealRossU's sentence. 1st-time non-violent offenders, who accept responsibility, should have a shot at redemption. Our system should be about rehabilitation, not just incarceration.#freeross
Read about @Gemini’s DevOps transformation. Developing software at high velocity and with high reliability. This means, among other things, instilling a culture of full automation and self-service: “you build it, you run it.” cc @NPommerien
Read about @Gemini’s DevOps transformation. Instilling a culture of full automation and self-service: “you build it, you run it.” cc @NPommerien
Paul Krugman is the poster boy for failing upwards. Wrong about the Internet. Wrong about Bitcoin. Wrong about inflation. Wrong about the recession. Yet, CNN continues to roll out the red carpet for him. What gives?
Quote of @arstechnica
This is how the game works.
The FDA's top tobacco scientist has left his job to go work for Philip Morris International in what marks the company's second high-profile FDA hire in recent months.
The amount of gaslighting by our “leaders” with respect to inflation and the recession is next level. Quite brazen really.
Wikipedia has become the latest battleground in the fight to control the narrative.
We're continuing our funds solution domination. @Gemini now serves as the custodian partner for Holon Global Investments, Australia's leading fund manager, and custodies their unlisted retail Bitcoin $BTC, Ethereum $ETH, and Filecoin $FIL funds. 👍🚀
The media loves to hate on @joerogan because he is orders of magnitudes more popular and listened to. The media loves to hate on @elonmusk because doing so drives orders of magnitudes more clicks. Whatever happened to reporting on the truth? The media is totally toxic and broken.
Inflation running at a 40-year high.

Fed raises interest rates .75%. Largest hike since 1994.

No denying inflation now. Bitcoin up 7.5%.
Inflation running at a 40-year high.

Fed rates interest rates .75%. Largest hike since 1994.

No denying inflation now. Bitcoin up 7.5%.
Don't forget the part about being wrong about the Internet and Bitcoin too.
Does anyone believe her? At what point do the American people wake up and say enough is enough?
The Administrative State is in full bloom. Totally political, self-serving, and corrupt. If you're one of them like Nancy Pelosi, you are above the law. For everyone else, watch out.
Ether showing strength. Love to see it!
Woohoo! The @niftygateway mobile app is now live on the iOS and Android App Store!

Browse from a curated selection of artists, set drop notifications, and view your NFTs on your device.

iOS
Android
Bitcoin is back from the dead…again 🤣

Breaking news

Automakers scramble to decode new U.S. EV tax credits |  Link
The House Intelligence Committee’s top Republican wants the DOJ to hand over the information officials used to get a search warrant for Trump’s Mar-a-Lago home |  Link
Dutch police arrested a suspected developer of the US-sanctioned Tornado Cash crypto mixer and are looking into potentially more arrests |  Link
⚡️ The stubbornness of higher inflation has surprised many investors and flummoxed central bankers. Mayonnaise can explain it
Turkey is openly boasting of a boom in trade with Russia |  Link
The company lowered its forecast for revenue, citing restaurant operators' and brands' response to the economic situation. |  Link
60% of renters saw rent increases in the past 12 months, Freddie Mac survey shows by @WritesRonda Link
The CDC updated its COVID-19 guidelines. “[There’s] no quarantining at home now required,” @AnjKhem says. “They do still recommend those who are infected isolate for at least 5 days, and if you think you're exposed, you can now wear a mask and continue testing at the fifth day."
New Covid-19 guidance from the CDC: Everything you need to know (via @CNBCMakeIt) |  Link
The median single-family existing-home sales price rose 14.2% from a year ago to $413,500, a record, according to the National Association of Realtors |  Link
Citadel CEO Ken Griffin has spent over $1 billion on Florida real estate and now he is investing more money to work in the state. @robtfrank joins @SquawkCNBC with the details. |  Link
Analysis: How Carlyle CEO Kewsong Lee's turnaround of the private equity firm was cut short |  Link
Economists boosted their inflation estimates for each quarter in 2023, a potentially worrying sign for Federal Reserve policy makers trying to keep price expectations anchored |  Link
🎧 The crypto universe can be complex, and it can be unpredictable. Bloomberg’s @dliedtka and @annairrera join @s_m_i to discuss the highs and lows of the week in crypto and how they view crypto shaping our lives Apple: Spotify: |  Link Link
LISTEN NOW: Several U.S.-listed Chinese companies are looking to delist from the NYSE. Listen and follow the @SquawkStreet podcast here or on your favorite podcast platform: |  Link
Salman Rushdie attacked during panel in western New York, report says |  Link
The back-to-school shopping season has kicked off strongly, offering some relief amid concerns about US consumer resilience, according to Bank of America |  Link
These are the shares to watch next week as earnings reports roll in |  Link
With an easy path to re-election in November, California Governor Gavin Newsom is stepping up his national presence by trolling the GOP and expressing Democratic frustration |  Link
.@EquityAnimal CEO @itsmarkmoran on investor relations: “The companies we work with have to have strong management, management that thinks on their feet and can handle questions that aren't coming from equity research analysts.”
Banks are pushing back on key parts of Washington’s latest bid to get them to boost lending to lower-income communities, setting up a policy clash with key Biden administration regulators and Democratic lawmakers |  Link
Could Disney actually sell ESPN? The sports network is expensive to operate and viewership has declined... |  Link
Ron Insana: The Fed may have retired 'transitory' too soon to describe inflation |  Link
What came down could continue to go up -- or not via @opinion Link
A Chinese solar tycoon has doubled his fortune to $13 billion after US sanctions — and he's expanding his operations in Xinjiang |  Link
The House is on track to send Biden a roughly $437 billion tax, climate and drug price package for his signature, a hard-fought victory that follows a year of Democratic infighting |  Link
Five news stories that captured the City of London's attention this week |  Link
China’s Xi Jinping Plans To Meet With Biden In First Foreign Trip In Nearly Three Years - @WSJ Link
Falling gas prices buoy consumer sentiment, temper inflation expectations |  Link
Foreigners own less than 3% of US agricultural land, and American farmers are retiring. Here's what we should do to improve food security, says @AdamMinter via @opinion Link
Barloworld, the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender-diversity targets |  Link
Nakheel, the developer of Dubai’s artificial palm-shaped islands, plans to raise a loan of about $4.6 billion to refinance existing debt, sources say |  Link
Salt Bae restaurant makes £7 million in just four months in London—even without its celebrity chef |  Link
From @Breakingviews: Giorgia Meloni’s popularity is soaring. Her manifesto, drafted with right-wing allies, favors tax cuts and fiddling with EU recovery cash, says @LJucca. Yet EU and market vigilance will tame radical fiscal ideas that may endanger Italy’s big state debt
Hedge fund billionaire @StevenACohen2 is reportedly setting up a separate, crypto-focused asset manager to trade spot cryptocurrencies and derivatives. @BrandyBetz reports |  Link
BREAKING: Author Salman Rushdie was attacked Friday as he was about to give a lecture in western New York via @AP Link
Bitcoin is wrestling with $24,000. What chart analysts see happening next with the crypto's comeback |  Link
Russia's wealth fund could add China's yuan as the Kremlin explores other currencies while sanctions keep dollar and euro assets frozen |  Link
Fed's Barkin says rate increases need to continue until inflation holds at 2% |  Link
Ron Insana: The Fed may have retired 'transitory' to soon to describe inflation |  Link
Elon Musk says the Tesla Semi Truck will be delivered in 2022 |  Link
House to vote on major climate, tax and health bill, teeing up huge win for Biden |  Link
While there’s little doubt now that food inflation is real, measuring price changes can be fiendishly difficult and highly subjective. Mayonnaise is a perfect example |  Link
"Not everything that can be virtualized will have value," says billionaire Mark Cuban. The Dallas Mavericks owner took to Twitter to explain why he doesn't value virtual real estate after slamming #metaverse properties on Altcoin’s YouTube podcast.
US consumer sentiment rose in early August to a three-month high on firmer expectations about the economy and personal finances |  Link
Mastercard is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments |  Link
Investors are fleeing these bonds that protected you against inflation |  Link
Fed's Barkin wants to keep hiking interest rates until there is a 'sustained period' of inflation under control |  Link
Warren Buffett's Berkshire Hathaway has plowed over $25 billion into Chevron and Occidental this year. One energy guru suggests why. |  Link
Traders expect the ether rally to fizzle out as upcoming merge to proof-of-stake system will be a ‘sell the news’ event |  Link
Malcolm Gladwell, addressing criticism: 'Solitary work' can be done at home but for creative work, 'offices really do matter' (via @CNBCMakeIt) |  Link
DOJ plans to retry Philip Esformes despite Trump commuting sentence of Florida nursing home owner |  Link
The Senate’s budget plan is a step forward, but the work of fixing the benighted American tax system has barely begun via @opinion Link
Toast $TOST Rallies After Guidance Tops Analyst Estimates |  Link
🚨TUNE IN: Colombia's new leftist government headed by Gustavo Petro wants to cut inequality and raise money for poverty-fighting programs. It might not be so easy. Join the LIVE discussion 🎙@JPSpinetto 🎙@anjaralop 🎙@mjbristow 🎙@PattyLaya
After a UBS analyst's note sparked a two-day plunge in the drug makers, their shares rallied Friday after they said there is no evidence the heartburn drug causes cancer. A J.P. Morgan note also called the selloff overdone. |  Link
It may not be unexpected, but the trend is unmistakable and growing |  Link
See where high earners moved and drove up typical incomes, making it even harder for locals who make a good salary to buy a home |  Link
With Alibaba stake cut, SoftBank's Son cools toward China tech |  Link
The share of young US workers filing for unemployment has surged during the pandemic |  Link
Africa’s biggest wireless market is moving ahead with a proposed 5% tax on voice calls, mobile data and text messages to tackle a mounting fiscal crisis |  Link
The US equity market rebound can keep confounding skeptics as inflation trends lower, according to Deutsche Bank’s Dirk Steffen |  Link
Headwinds for the UK economy spell trouble for the pound |  Link
Ciena $CIEN Gains Following Morgan Stanley Upgrade |  Link
2 simple, everyday ways to help keep the people around you from burning out at work (via @CNBCMakeIt) |  Link
France is contending with its worst nuclear outages in decades, putting it at greater risk of blackouts this winter than big neighbors experiencing their own energy headaches |  Link
“It's playing out as a sanctions action against @TornadoCash ... not an individual associated with it, but the smart contract itself ... a much more nuanced issue to discuss." Listen to the conversation with @jillrgunter of @EspressoSys and @nlw. |  Link
Friday, August 12, 2022: Why this sector is strong on falling oil prices |  Link
WATCH: Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost-of-living crisis struggled |  Link
U.S. consumer sentiment up more than expected in August, survey shows |  Link
Wedbush lowered its stock rating to Neutral and kept the $88 price target on the stock unchanged. |  Link
The SEC is looking into Melvin Capital Management risk controls and investor disclosures after the hedge fund was crippled by the meme-stock rally last year |  Link
While there’s little doubt now that food inflation is real, the key question is by how much? The answer isn’t straightforward, but mayonnaise can help answer it |  Link
Heard on the Street: China’s chip champion had some bumper years thanks to the pandemic. Now SMIC has to grapple with two big problems at once: a drop-off in demand and intensifying geopolitical risks. |  Link
Gas prices dropped below $4 in most states—here's how much a gallon costs where you live (via @CNBCMakeIt) |  Link
Shipping container fees are falling around the world, but not in the U.S. |  Link
Elon Musk tells Joe Biden to 'free some people in jail for weed here too' |  Link
A new report from Bank of America perfectly captures the current market by @MylesUdland Link
China tariffs: 3 factors that could affect whether Biden eases the Trump-era duties by @kevcirilli Link
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